0966.HK vs. 2601.HK

Last updated Jun 5, 2026

0966.HK (China Taiping Insurance Holdings Co Ltd) and 2601.HK (China Pacific Insurance) are both stocks. Both operate in the Insurance - Life industry within the Financial Services sector. Over the past 10 years, 0966.HK returned 4.94%/yr vs 5.87%/yr for 2601.HK. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

0966.HK vs. 2601.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in China Taiping Insurance Holdings Co Ltd (0966.HK) and China Pacific Insurance (2601.HK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0966.HK achieves a 5.03% return, which is significantly higher than 2601.HK's -10.97% return. Over the past 10 years, 0966.HK has underperformed 2601.HK with an annualized return of 4.94%, while 2601.HK has yielded a comparatively higher 5.87% annualized return.

0966.HK

• 1D: -1.01%
• 1M: -13.68%
• YTD: 5.03%
• 6M: 4.92%
• 1Y: 57.35%
• 3Y*: 37.46%
• 5Y*: 10.74%
• 10Y*: 4.94%

2601.HK

• 1D: -0.89%
• 1M: -8.84%
• YTD: -10.97%
• 6M: -6.22%
• 1Y: 24.62%
• 3Y*: 20.04%
• 5Y*: 7.54%
• 10Y*: 5.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

0966.HK vs. 2601.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0966.HK China Taiping Insurance Holdings Co Ltd	5.03%	64.51%	79.37%	-28.52%	-4.44%	-20.89%	-26.28%	-9.71%	-26.31%	84.05%
2601.HK China Pacific Insurance	-10.97%	45.23%	69.78%	-4.25%	-12.47%	-30.25%	4.93%	25.94%	-30.47%	42.53%

Correlation

The correlation between 0966.HK and 2601.HK is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Dec 24, 2009	0.67

The correlation between 0966.HK and 2601.HK has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

Return for Risk

0966.HK vs. 2601.HK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0966.HK

0966.HK Risk / Return Rank: 78
0966.HK Sharpe Ratio Rank: 82
0966.HK Sortino Ratio Rank: 77
0966.HK Omega Ratio Rank: 74
0966.HK Calmar Ratio Rank: 79
0966.HK Martin Ratio Rank: 76

2601.HK

2601.HK Risk / Return Rank: 64
2601.HK Sharpe Ratio Rank: 68
2601.HK Sortino Ratio Rank: 64
2601.HK Omega Ratio Rank: 59
2601.HK Calmar Ratio Rank: 66
2601.HK Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0966.HK vs. 2601.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for China Taiping Insurance Holdings Co Ltd (0966.HK) and China Pacific Insurance (2601.HK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	0966.HK	2601.HK	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.86	+0.68
Sortino ratio: Return per unit of downside risk	2.11	1.40	+0.71
Omega ratio: Gain probability vs. loss probability	1.26	1.16	+0.10
Calmar ratio: Return relative to maximum drawdown	2.51	1.32	+1.19
Martin ratio: Return relative to average drawdown	5.40	2.43	+2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0966.HK vs. 2601.HK - Sharpe Ratio Comparison

The current 0966.HK Sharpe Ratio is 1.54, which is higher than the 2601.HK Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of 0966.HK and 2601.HK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	0966.HK	2601.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	0.86	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.19	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.16	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.11	+0.14

Drawdowns

0966.HK vs. 2601.HK - Drawdown Comparison

The maximum 0966.HK drawdown since its inception was -82.82%, which is greater than 2601.HK's maximum drawdown of -68.52%. Use the drawdown chart below to compare losses from any high point for 0966.HK and 2601.HK.

Drawdown Indicators

	0966.HK	2601.HK	Difference
Max Drawdown Largest peak-to-trough decline	-82.82%	-68.52%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	-25.49%	-22.00%	-3.49%
Max Drawdown (3Y) Largest decline over 3 years	-39.79%	-38.91%	-0.88%
Max Drawdown (5Y) Largest decline over 5 years	-57.93%	-51.69%	-6.24%
Max Drawdown (10Y) Largest decline over 10 years	-82.82%	-68.52%	-14.30%
Current Drawdown Current decline from peak	-32.01%	-21.65%	-10.36%
Average Drawdown Average peak-to-trough decline	-38.79%	-27.24%	-11.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.72%	11.85%	-0.13%

Volatility

0966.HK vs. 2601.HK - Volatility Comparison

China Taiping Insurance Holdings Co Ltd (0966.HK) has a higher volatility of 9.43% compared to China Pacific Insurance (2601.HK) at 6.75%. This indicates that 0966.HK's price experiences larger fluctuations and is considered to be riskier than 2601.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0966.HK	2601.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	6.75%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	28.85%	22.28%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	41.77%	34.00%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.74%	40.43%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.70%	36.73%	+3.97%

Dividends

0966.HK vs. 2601.HK - Dividend Comparison

0966.HK's dividend yield for the trailing twelve months is around 1.78%, less than 2601.HK's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0966.HK China Taiping Insurance Holdings Co Ltd	1.78%	1.87%	2.58%	3.87%	4.73%	3.74%	2.15%	0.52%	0.47%	0.34%	0.00%	0.00%
2601.HK China Pacific Insurance	3.76%	3.35%	4.43%	7.20%	6.76%	0.57%	4.32%	3.71%	3.87%	2.14%	4.36%	1.99%

Financials

Frequently Asked Questions

Can I hold both 0966.HK and 2601.HK in my portfolio?

0966.HK and 2601.HK have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.